Market President Smiley Resigns From City National Bank

Market President Smiley Resigns From City National Bank
Business Wire
STAUNTON, Va. -- April 8, 2013
City National Bank announced today the resignation of Norman C. “Butch” Smiley
III, market president for Virginia, effective May 17, 2013. Smiley was
previously the president of Community Financial Corporation, which was
acquired by City National in January.
“We sincerely appreciate Butch’s service during the successful integration of
our two organizations, and we value his many years of service to this
community. He guided Community Bank through the most difficult economic
conditions in the bank’s history. Butch is a well-known figure in the Staunton
area, and we are disappointed that he has resigned from City National,” said
Charles R. Hageboeck, chief executive officer and president of City Holding
Company.
“City is a class act and I’m glad they’re here in Virginia. I’ve enjoyed
working with the City professionals to strengthen banking services for our
clients. I’m leaving a great team in place to serve our customers, and I am
excited to begin contemplating a new direction for my career,” said Smiley,
who plans to retire from banking.
Smiley will be honored at City Holding Company’s 2013 annual meeting, which
will be held in Staunton later this month.
About City National Bank
City Holding Company (NASDAQ:CHCO), a $3.4 billion bank holding company
headquartered in Charleston, West Virginia, has83 locations throughout West
Virginia, Virginia, Kentucky andOhio. The bank is a strong, full-service
community bank offering a range of checking and savings products for both
consumer and business customers. City National wasranked inthetop 10 of
theBest Banks in Americain its peer groupby Bank Director Magazine (3rd
Quarter 2012) and over the last 5 years City had the 5th highest average ROA
for all public banks over 1 billion. Founded in 1957, City Holding today
employs approximately 930 professionals.
Forward-Looking Information
This news release contains certain forward-looking statements that are
included pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such information involves risks and
uncertainties that could result in the Company's actual results differing from
those projected in the forward-looking statements. Important factors that
could cause actual results to differ materially from those discussed in such
forward-looking statements include, but are not limited to, (1) the Company
may incur additional loan loss provision due to negative credit quality trends
in the future that may lead to a deterioration of asset quality; (2) the
Company may incur increased charge-offs in the future; (3) the Company could
have adverse legal actions of a material nature; (4) the Company may face
competitive loss of customers; (5) the Company may be unable to manage its
expense levels; (6) the Company may have difficulty retaining key employees;
(7) changes in the interest rate environment may have results on the Company’s
operations materially different from those anticipated by the Company’s market
risk management functions; (8) changes in general economic conditions and
increased competition could adversely affect the Company’s operating results;
(9) changes in other regulations and government policies affecting bank
holding companies and their subsidiaries, including changes in monetary
policies, could negatively impact the Company’s operating results; (10) the
Company may experience difficulties growing loan and deposit balances; (11)
the current economic environment poses significant challenges for us and could
adversely affect our financial condition and results of operations; (12)
continued deterioration in the financial condition of the U.S. banking system
may impact the valuations of investments the Company has made in the
securities of other financial institutions resulting in either actual losses
or other than temporary impairments on such investments; (13) the effects of
the Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”)
recently adopted by the United States Congress and (14) the integration of the
operations of City Holding and Community Financial may be more difficult than
anticipated. Forward-looking statements made herein reflect management’s
expectations as of the date such statements are made. Forward-looking
statements made herein reflect management's expectations as of the date such
statements are made. Such information is provided to assist stockholders and
potential investors in understanding current and anticipated financial
operations of the Company and is included pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The
Company undertakes no obligation to update any forward-looking statement to
reflect events or circumstances that arise after the date such statements are
made.
Contact:
City National Bank
Charles Hageboeck, President & CEO
304-769-1102